Mahesh V. Patel
2023
In 2023, Mahesh V. Patel earned a total compensation of $860.3K as President and Chief Executive Officer at Lipocine, a 3% decrease compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $218,768 |
|---|---|
| Option Awards | $97,816 |
| Salary | $525,000 |
| Other | $18,759 |
| Total | $860,343 |
Patel received $525K in salary, accounting for 61% of the total pay in 2023.
Patel also received $218.8K in non-equity incentive plan, $97.8K in option awards and $18.8K in other compensation.
Rankings
In 2023, Mahesh V. Patel's compensation ranked 1,378th out of 2,978 executives tracked by ExecPay. In other words, Patel earned more than 53.7% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 1,378 out of 2,978 | 54th |
Division Manufacturing | 821 out of 1,637 | 50th |
Major group Chemicals And Allied Products | 539 out of 906 | 41st |
Industry group Drugs | 526 out of 869 | 40th |
Industry Pharmaceutical Preparations | 367 out of 627 | 42nd |
Source: SEC filing on April 23, 2024.
Patel's colleagues
We found two more compensation records of executives who worked with Mahesh V. Patel at Lipocine in 2023.